April 29, 2021

Ettore Morace has been appointed new CEO of ‘Trasmed GLE’ (Grimaldi Logistica Espana). Morace is a well-known name in the ferry industry for being former Ceo of Tirrenia, Ustica Lines, managing director of Baleària and more recently at the helm of the ship brokerage company Malta Shipbrokers.

Trasmed GLE, a new company fully owned by Grimaldi Group, will be the vehicle through which the Naples-based shipping firm will purchase Trasmediterranea’s five ferries, two terminals in Barcelona and Valencia and the lines with the Balearic Islands from Naviera Armas.